eLite Optoelectronics Gets $8.5 Million in Capital Financing; Changes Its Name to BridgeLux

LED company, eLite Optoelectronics of Sunnyvale, California USA, reports raising
8.5 million in venture capital funding. The company also changed its name to
BridgeLux. The $8.5 million in financing will come from Doll Capital Management,
El Dorado Ventures, and Harris & Harris Group. The company says the funding
will go towards capital investment and research and development at the company’s
new headquarters and R&D facility in California’s Silicon Valley.